Unclosed Business Is Defined as Business Written Close to the Balance

question 29

True/False

Unclosed business is defined as business written close to the balance date for which the date of attachment of the risk is before the balance date:

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Definitions:

Required Return

The expected yield that an investor demands for committing capital to an investment.

Required Return

The minimum return that investors expect from an investment considering the risk involved.

Grow at

Refers to the rate at which a company or an economic variable increases over a specified period.